LONDON (dpa-AFX) - Salamander Energy Plc (SMDR.L) in its Interim Management Statement for the period from 1 January 2013 to 17 May 2013, said that group production averaged at 14,100 boepd in year to April 30th, production during May averaging 17,100 boepd. The company said that it has maintained Group annual average daily production forecast of between 12,500 and 15,500 boepd.
In Thailand, Development of the Bualuang field continued with drilling from the newly installed Bualuang Bravo platform leading to a sharp rise in production. Investment into the processing facilities and power generation modules for the field continues, the company said.
According to the company, eight development wells have now been completed and brought on stream from the Bravo platform and field performance year to date has been ahead of expectation. Seven wells were drilled into the Miocene-age T4 sandstone reservoir, the main producing unit in the field. Included in the programme to date has been a single well completed in the T2 reservoir unit, which underlies the T4. This well has been delivering 3,000 bopd of dry oil since start up.
Chief Executive, James Menzies, said, 'It has been a busy start to the year with rigs operating in all of our focus areas. Production is well ahead of budget and the strong performance of the first T2 well in the Bualuang field has given us the opportunity to move the Atwood Mako rig off the Bravo platform next month to start the much anticipated exploration drilling on the G4/50 license. The Kerendan development drilling has proven the deliverability of the reservoir and we are encouraged by the initial well results in the North Kutei. We look forward to further exploration drilling with eight wells planned during the rest of the year.'
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© 2013 AFX News
